Abstract
Mixed integer non-linear programming was used to compare a market for consumptive water use and a market based on diverted water. Results showed that the return flow externalities associated with water markets for water diversion rights can be internalised into market decision making by restricting water transfers to consumptive use. The more restrictive water rights are the less water transfers will occur due to increased information needs. Economic, hydrological and crop growth simulation models must be integrated within a systems approach to generate more information on changing linkages between institutional settings, irrigation technology, economic efficiency and human value systems to advance meaningful water policy into the new millennium.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
